The company, led by billionaire co-founder Lei Jun, is said to be seeking about $10 billion in an IPO that could become the world’s … smartphones in the US and compete against Apple Inc. The…
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Trap or treat? Funds to raise billions for tech IPOs in China
SHANGHAI (Reuters) – Asset managers began fundraising for six Chinese “unicorn” funds on Monday, offering retail investors a new investment channel but potentially straining tight market liquidity. The 300 billion yuan ($47 billion) they seek…
China’s Xiaomi books $1 billion quarterly loss ahead of blockbuster IPO
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi booked a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering. That compares with a net loss of 43.89 billion…
China’s Xiaomi posts $1 billion first quarter loss ahead of blockbuster IPO
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi recorded a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering, according to a filing. That compares with a net…
North Korea seen looking to China, not U.S., for help in any economic transformation
As well as China, North Korea may also look to other economies where tight top-down control has been kept, including Vietnam or even the ‘chaebol’ business structures of South Korea, which could allow something closer…
China’s most important sector still has opportunity
China has seen a big shift in people moving from the countryside into the cities this century. Government intervention has helped keep the market on track. Consolidation provides opportunity. Despite long-running international concerns about China’s…
China’s Xi calls out ‘selfish, short-sighted’ trade policies
QINGDAO, China (Reuters) – Chinese President Xi Jinping, whose country is locked in a high-stakes trade dispute with the United States, on Sunday said China rejects “selfish, shortsighted” trade policies, and called for building an…
All the ways China could keep its eyes and ears on the US-North Korea summit without being there
US officials are reportedly bracing for China to covertly make its presence known at the summit between US President Donald Trump and North Korean leader Kim Jong Un. As the June 12 meeting in Singapore…
Xiaomi gets IPO nod from HK exchange, say sources
Offering could become world’s largest first-time share sale since Alibaba’s listing BEIJING • Xiaomi has won Hong Kong stock exchange approval for its planned initial public offering (IPO), which would be the first listing in…
China plans to build $3 billion-worth of solar farms shaped like giant pandas
In 2015, Ada Li Yan-tung, who was 15 years old at the time, came up with a novel idea to get more young people in China interested in renewable energy: Build a massive solar-energy farm…
Luxury Brands are Using Apps to Find the Perfect Event Space
In China, too, this industry has taken off … ‘Experiential Luxury’By Yiling Pan Beijing-based newcomer Elsewhere offers working professionals, CEOs, and brands access to beautifully decorated spaces through its app, giving them the option to…
FCA bets on market-specific models to get traction in China
Alfa Romeo will add two long-wheelbase vehicles to its lineup by 2022, while Jeep will add more Chinese-specific SUVs such as the Grand Commander, a seven-seater launched in April and developed in China off the…
So Many eBike Brands!
And to maintain databases of importers, OEM factories, ODM factories, distributors, brands, propulsion system makers, motor makers, battery makers, retailer and retail channels. Since we are based in the USA, with associates in China and…
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